The Company. Security of Funds

Founded in 2012, iTrader offers trading in around 50 currency pairs and wide range of CFDs on indices, stocks and commodities through the MetaTrader 4 platform. The company behind the brand, Hoch Capital Limited, which acts as market maker in relation to transactions, is a Cyprus Investment Firm that is licensed by Cyprus Securities and Exchange Commission (CySEC).

CySEC applies certain rules and requirements to Cyprus Investment Firms. For example, they must maintain net tangible assets of at least €730,000 in order to prove their financial stability. Besides, the Commission requires forex brokers to keep customer funds in segregated accounts, separated from the company’s operating funds.

As a further guarantee to clients’ funds, all CySEC-regulated companies are members of the Investor Compensation Fund, which is able to pay compensation up to €20,000 EUR per person, If the company ceases trading or becomes insolvent.

Moreover, every CySEC- regulated investment company is also MiFID compliant and therefore entitled to offer cross-border services in all EU Member States.

Trading Conditions

Minimum Initial Deposit

In order to open an account with iTrader, traders have to invest a minimum of $250. Such minimum initial amount is considered average; however, many other Cyprus-based brokers require less. For instance, leading EU brokerage XM demands just $5 from its clients as a start.

- The ones on the Silver account type are quite high, starting from 2.2 pips on majors;

- Gold account holders are able to use spreads, which are on the upper end of average (1.5 pips);

- Platinum spreads are really good, starting out at 0.7 pips for the EUR/USD pair, however supposedly the minimum initial deposit for this account type are high.

For purposes of comparison, XM’s average spreads on the commission-free accounts amount to 1.7 pips on EUR/USD, while the ones on the Zero account type are averaged 0.1 pips on EUR/USD and involve commission of $5 per standard lot (per side).

Undeniably, high leverage provides opportunities of earning good profits on a small deposit. Nonetheless, we advise traders to be careful when using it, as higher leverage also involves greater risk of losses, which may even exceed the initial investments.

Trading Platform

iTrader supports the most widely used forex trading platform, MetaTrader4 (MT4). It comes as a PC, web and mobile versions.

MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work.

Like most brokers, iTrader offers a virtual private server (VPS) that you can use for hosting your MT4 EAs, providing extra protection when trading forex.

Methods of Payment

The following payment methods are available to iTrader clients: credit/debit cards and bank wire transfer. Popular e-wallet payment systems, such as Skrill & Neteller are not supported by this broker.

Currencies accepted: USD/GBP/EUR.

Conclusion

iTrader is a well-regulated forex & CFD broker that utilizes the popular MT4 and offers satisfactory trading conditions. To sum up the above, here are the advantages and drawbacks with regards to this broker:

FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.

easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.

Summary

Traders` reviews for iTrader

hello,after putting £250.00 in an account with itrader I wanted to withdraw my deposit and asked itrader to do so I have been unindated with phone calls from itrader trying to stop me from withdrawing my money.i have told itrader that I want my deposit returned to my bank via my card. they seem reluctant to do so.mr paul Jefferies.

Just an update on my complaint against iTrader. They agreed to pay me the settlement figure which was proposed so in return i agreed to drop the complaint i raised about them. I am pleased to say that this matter is now closed.

I am currently having a very bad experience with iTrader and to be honest i am actually quite embarrased about it. I will try and keep my experience brief. I initially deposited £250, i received a call fairly quickly from my new Account Manager and was told that in order to have good leverage i needed to put a little more money in the account. I decided to increase it to £2,500 to give me a fair chance of making a decent return. I would like to point out that the main reason for investing was to build up my deposit to buy a new house for me and my kids. I made some profit with the deposited after a few days but i was told my Account Manager that he could not really trade with what was in my account and i should put more money in my account. I made it clear that i did not intend to trade with that much money as i did not know anything about trading and whether it would work for me. He told me that the best way forward was to get a loan from my bank of £50k and in fact this was a usual practice he did with most of his clients which always worked out ok. He kept reassuring me we can make the money back even before the first repayment of the loan was due. He asked me to open up my online banking portal so we can apply for the loan together which we did and luckily the bank approved £25k instead of £50k. He told me to increase my overdraft limit so we can add more money to my trading account. This was the start of the downfall....about a week after this loan was taken out my account was in trouble and of course needed a large sum of money 'pumped' into it to save it. I had no other means of borrowing money so i asked my mum for help and she took out a loan from her bank as well as applied for a credit card all to keep my account afloat. I told my Account Manager that i was very uncomfortable with the large sum of money i was t rading with and i was especially concerned to take money from my mum. I was reassured that all was fine and once my account got back to normal in a few days the money i boorwed from my mum will be taken out. He told me that i had to keep trading with the money though to make more profit. Lo and behold the account got into trouble again....you get the idea. To cut the very long story short i lost a large sum of money (all the borrowed money including my mum's borrowing). I am ashamed to even mention how much it was in total because i keep wondering how i was cohersed to take out all this money. It is very much out of character for me to be taken for a ride but i was made to feel like i could not trade if i did not have a sufficient sum. I was very keen (albeit naive) because i really wanted to make money for a deposit for buying a new home. Since i lost the money 3 weeks ago my Account Manager has changed 4 times!! No one seems to want to take ownership of my account. Apologies for the rather long (essay like) post but i tried to get everything that has happened into it. iTrader's approach of getting clients to pump their account with money is highly UNETHICAL and i am sure they have broken a few rules here!! I would urge anyone who is thinking of trading with them not to...if you are already trading with them let my story be a lesson learnt. This whole experience has ruined my life, left me with a large debt and unable to purchase the house i wanted to for my family. I have asked iTrader to pay my back all my borrowings at the very least. i have all intentions of pursuing this legally if i have to

ITRADER company is a big scam they only asking you to deposit more and more money! Also this company sending you apps calling Team Viewer and they have access to you bank details. They also are pushing people to take a loan by saying if you do not take a loan you will lose money and saying they will help you to make more money. I initially was robbed of several thousand £'s! My account managers name was Anna C telephone n0 +44-18-64340023 When I have tried to withdraw the money again on several occasions after filling out all required details each time in my account I have never received any money in my Building Society account! I am a disabled person and this extra stress has not been welcome! My advice to anyone is AVOID THIS CROOKED COMPANY LIKE A BAD SMELL!!!

Itrader company is a big scam they only asking to deposit more and more money also this company sending u apps calling team viewer and they have access to you bank details.They also pushing people to take a loan by saying if u will do not take a loan u will lose it money and saying they will help u to make more money.To be honest never give them any personal information of they ask like how much u earn are u single or have u got kids cos that means they will calculate how much money they could still from u .

This is ITRADER.com Customer services team!
Unfortunately we cannot respond to comments here in private, so we kindly ask anyone who is having any kind of issue to contact us at: [email protected]
Also you can retrieve to our contact page and call the relevant line for any assistance with your current issue : https://www.itrader.com/en/contactus

Hello,
I am a client from iTrader and I would like to share with you my experience with this scam-broker.
I have deposited 500 EUR on their homepage with the method " Sofortüberweisung / DIRECTebanking by Skrill ". I clicked on the button and
logged me in in my online Banking account. After that I completed the payment with entering my mobile Tan etc.
My balance has shown in my iTrader-account and I send the customer support all documents ( passport scan, address proof, deposit proof from my online banking etc. ).
They have accepted it but now they are writing me they need a payment proof from Skrill although I deposited with Sofortüberweisung . I also dont have any account with them because I paid with SOFORT..
Now my balance turned to over 800 EUR and I wrote several e-mails since a week. I dont received any anaswer from my "account manager" who is one if the biggest scammer and also from the "best customer support".
Can you help me please ?

Hello I'm Caroline from Canada. I have traded with several other brokers. I found ITRADER quite same as others; except they have a little edge over others for being extra nice to their clients. I had withdrawal issue, luckily they have listened and immediately resolved the my concern.

I was told that their forex trading had leverage but didnt involve any margin call if the market goes the wrong direction. I really tried to ask how that is possible and all they said was you can just get yourself a position and sit on it and then when it turns so you are in the money you can cash out. But if your position is out of the money you will not need to pay more to keep your position.

In this way they were persistent and unfortunately I agreed to deposit $250. After I deposited the money I got someone else to call me up and not the guy who promised me to explain his claims. This new guy was a salesperson kind of guy and didnt listen much and wanted me to spend my money and also to deposit more because of many different reasons.
I was stupid to believe in such a claim but at the same time they just lied straight to my face and I now feel all trading companies are dishonest. When you get a salesperson talking and not listening and not willing to answer simple questions I will never ever deposit anything again.

I have been trying to get my money back because I initially deposited based on false information and had not considered everything else they started talking about after my deposition. I would recommend everyone to stay away from all trading companies and just invest and sit on the money using something simple as the dollar avarage method ETC. To me they all seem dishonest, CySEC license or not.

Being a full time Insurance and Pension Auditor is not enough to give all the needs of my family, especially that the cost of living here at Switzerland is too high. So thanks to this friend of mine, who introduced me this broker, because I was able to have a secondary income that helped me to give all my kids necessities. Their withdrawal is very smooth, and pretty decent.

I am Caitlin from United Kingdom, and this was my first time t be involve in this kind of industry - trading. I am really impressed with this broker because this has been really gave me the best experience ever. Their rules and regulations is what I really like. I feel safe trading in this broker. Love to have you indeed!

Good to see this website, and most of the written above are true. I have been trading for couple of months now, and I can say that this broker is really well regulated. Also, it really offers a satisfactory conditions as long as you abide in their rules and regulations.

Just make sure that you are really passionate into trading because by then you'll really enjoy this one.

Just like any other brokers, they have their own pros and cons. But what i like most from this broker is that it has a very user friendly platform, i got used to it for just a couple of days. Also i they got my trust because i know it is regulated and my money are in the safe hands.

Hi there I'm Luces and I'm from Belguim. I am trading both on forex and binary. My choice for forex is this broker and I'm happy with the service they offer, their education section and advice from brokers are a big help to learn how to trade. I lost a couple of time but also won too. My investment in them is paying off (I'm not rich yet but hopefully will haha)Thanks for this review.

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